There are two common syndromes of failure related to new entrepreneurs. These syndromes determine how far and well their businesses will go. They also determine the vision of the entrepreneur.
The first one is the ‘I Don’t Have A Choice’ syndrome, while the second is the ‘Just For Survival’ syndrome.
Let me summarize these two syndromes with a personal experience.
Just recently, I ventured into an interior decoration business, because I could not get the kind of job I desired (‘I Don’t Have A Choice’ syndrome). All I wanted was to make ends meet (‘Just for Survival’ syndrome).
I went in without proper planning; neither did I have any form of mentorship. All I had in my mind was ‘no choice’ and ‘survival’.
Did I really get a means of survival? Yes I did, but did the business survive? At first, it looked as if it was surviving; as I was earning some money, enough to afford myself some luxury. With my focus on personal upkeep, my vision for the business was trivialized….read more https://eyeafrica.org/2017/06/05/two-common-syndromes-of-failure-among-entrepreneurs/